ENTREPRENEURSHIP: FINANCE MANAGEMENT

ENTREPRENEURSHIP: FINANCE MANAGEMENT

ENTREPRENEURSHIP: FINANCE MANAGEMENT

1. SCOPE

This Unit Standard is intended for learners who have to manage the finances of a business venture. Learners who achieve this Unit Standard are able to manage the income and expenditure of own business and base financial decision-making on financial data.

Learners credited with this unit standard will be able to:

    • Explain financial aspects involved in running new venture.
    • Apply cash flow management in the running of a new venture.
    • Apply an accounting system to mange a new venture.
    • Analyse an income and expenditure statement.
    • Analyse a balance sheet.
    • Make a financial decision based on financial statements

2. PROGRAMME ENTRY REQUIREMENTS / LEARNING ASSUMED TO BE IN PLACE

It is assumed that the learner has the following knowledge and skills:

    • Communication at NQF Level 3.
    • Mathematical Literacy at NQF Level 3.

3. DURATION

2 Days

4. UNIT STANDARDS REFERENCE

263474    Manage finances of a new venture    NQF 4   6 credits 

5. COST

Please refer to office for formal quotation.

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